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Electro Optic Systems Holdings Limited ( (AU:EOS) ) just unveiled an announcement.
Electro Optic Systems Holdings Limited has entered a conditional agreement worth US$80 million with a customer in South Korea for the manufacture and sale of a 100kW High Energy Laser Weapon. This deal includes the establishment of a joint venture to supply the Korean market and the licensing of intellectual property. The contract, subject to conditions such as initial deposit payment and facility inspection, is expected to be fulfilled by the end of 2027. This marks EOS’s second export order for a 100kW class laser defense system, following a previous order from a Western European customer.
The most recent analyst rating on (AU:EOS) stock is a Buy with a A$8.10 price target. To see the full list of analyst forecasts on Electro Optic Systems Holdings Limited stock, see the AU:EOS Stock Forecast page.
More about Electro Optic Systems Holdings Limited
Electro Optic Systems Holdings Limited (EOS) is a global leader in counter-drone capabilities, utilizing kinetic weapons, interceptors, rockets, and high energy laser weapons. The company has developed a laser weapon system through extensive field testing and trials, equipped with advanced algorithms, radar, threat detection, target acquisition, and beam locking systems.
YTD Price Performance: 286.87%
Average Trading Volume: 4,031,645
Technical Sentiment Signal: Buy
Current Market Cap: A$966.7M
See more insights into EOS stock on TipRanks’ Stock Analysis page.